Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

 

Contact:

  

Investors:

   Media:

Douglas A. Fox, CFA

   Kerry Kelly-Guiliano

Vice President, Investor Relations

   Vice President, Strategic Communications

and Treasurer

   F T I Consulting

+1 847 793 6735

   +1 617 747 3603

dfox@zebra.com

   kerry.guiliano@fticonsulting.com

Zebra Technologies Announces 2011 Fourth Quarter Financial Results

Strength in North America and Europe lead to favorable results

Lincolnshire, IL, February 14, 2012 – Zebra Technologies Corporation (NASDAQ: ZBRA) today announced 2011 fourth quarter net income of $35,044,000, or $0.67 per diluted share, compared with $28,217,000, or $0.50 per diluted share, for the fourth quarter of 2010. Quarterly net income for 2011 includes income of $2,185,000, or $0.04 per diluted share, from discontinued operations. Net sales for the quarter ended December 31, 2011, increased 5.7% to $247,308,000 from $234,019,000 for the corresponding period for 2010.

Summary Financial Performance (Unaudited)

 

     4Q11      4Q10     Change  

Net sales (in 000s)

   $ 247,308       $ 234,019        5.7

Gross margin (%)

     49.1         48.9        0.2 pts.   

Operating margin (%)

     17.0         18.4        -1.4 pts.   

Income from continuing operations (in 000s)

   $ 32,859       $ 29,635        10.9

Income (loss) from discontinued operations, net of tax (in 000s)

   $ 2,185       $ (1,418     NM   

Net income (in 000s)

   $ 35,044       $ 28,217        24.2

Diluted earnings per share:

       

Income from continuing operations

   $ 0.63       $ 0.53        18.9

Income from discontinued operations, net of tax

   $ 0.04       $ (0.03     NM   

Net income

   $ 0.67       $ 0.50        34.0

Note: Net sales and results for 2010 have been adjusted for the sales of Navis, proveo AG and other immaterial operations.

       

“The great diversity of Zebra’s business and excellent execution on several fronts contributed to our solid fourth quarter results,” stated Anders Gustafsson, Zebra’s chief executive officer. “During 2011, Zebra increased the pace of innovation with the introduction of 13 new printer products and 10 location software and hardware releases. Through our strategic sales and marketing activities, we built relationships with a broader base of customers to penetrate targeted industries more deeply. Our investments to extend geographic reach have resulted in improved coverage in attractive high-growth regions. These actions position Zebra for further profitable growth and the capacity for creating greater shareholder value.”


The following information was filed by Zebra Technologies Corp (ZBRA) on Tuesday, February 14, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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